The Morning Call
10/3/16
The
Market
Technical
Monday Morning Chartology
The
S&P has maintained its upward momentum.
It remains above its 100 day moving average and in uptrends across all
timeframes; but still faces overcoming resistance at recent highs.
Friday
was the first really poor day for TLT in the last couple of weeks---likely
attributable to an unwinding of risk following the DOJ/Deutschebank settlement
rumors. Still it ended above its 100 day
moving average and within uptrends across all timeframes.
GLD
closed above its 100 day moving average, two prior lows and a key Fibonacci
level. However, it is holding on to a
positive technical position by its fingernails.
A breakdown will likely push the Aggressive Growth Portfolio out of GDX.
VIX
chart is a bit confusing. It finished
below its 100 day moving average and within a short term downtrend---both a
plus for stocks. But it has also
developed a decent very short uptrend---a negative.
Fundamental
About
that Deutschebank/DOJ settlement---Oooops (short):
When it rains, it
pours (medium):
According to JP Morgan,
Deutschebank’s biggest problem isn’t funding, its derivatives (medium):
Investing for Survival
Five
lessons from Peter Lynch.
News on Stocks in Our Portfolios
Economics
This Week’s Data
Other
Business
investment and stock prices (medium):
***overnight,
both September Chinese manufacturing and nonmanufacturing PMI’s advanced; the
September EU manufacturing PMI was up
Politics
Domestic
International War Against Radical
Islam
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for Survival’s website (http://investingforsurvival.com/home)
to learn more about our Investment Strategy, Prices Disciplines and Subscriber
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